SCENARIO 2-5 The Following Are the Duration in Minutes of a Sample

question 155

Multiple Choice

SCENARIO 2-5
The following are the duration in minutes of a sample of long-distance phone calls made within the
continental United States reported by one long-distance carrier.
-Referring to Scenario 2-5, if 100 calls were randomly sampled, how many calls lasted 15 minutes
Or longer?

• A)10
• B)14
• C)26
• D)74

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Definitions:

Homeowners' Insurance

An insurance policy that provides financial protection against losses and damages to an individual's home and assets in the home.

Insurable Interest

A requirement for purchasing insurance, denoting the policyholder must stand to lose financially if the insured event occurs.

Damage

The monetary compensation required by law to be paid to an individual or entity as restitution for harm or injury they have incurred.

Indemnify

To compensate for harm or loss; in legal contexts, often involves a party agreeing to bear any losses or damages incurred by another party.